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Reading: Latest Situation in Ripple (XRP) and Corporate Demand
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EdaFace Newsfeed > Latest News > Altcoin News > Latest Situation in Ripple (XRP) and Corporate Demand
Altcoin News

Latest Situation in Ripple (XRP) and Corporate Demand

vitalclick
Last updated: December 17, 2024 2:13 am
3 months ago
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Cryptoasset investment products recorded net inflows of $3.2 billion last week, continuing strong interest from institutional and individual investors. This was the tenth weekly continuous entry. XRP, in particular, saw record buying at $145.8 million, up from $134.3 million last week.

Institutional Interest and ETF ProspectsXRP Price Predictions

Institutional Interest and ETF Prospects

Following the crypto-friendly policies of the Donald Trump administration and the resignation of SEC Chairman Gary, the possibility of launching an XRP ETF in the US has increased significantly. Companies such as Bitwise, 21Shares, Canary Capital, and WisdomTree have submitted applications seeking approval from the US SEC.

Crypto community weighs on Ripple with Gensler’s departure $2.4 He is extremely optimistic about the end of the litigation between the SEC and the SEC. The government agency will submit its main petition by January 15. Ripple CLO Stuart Alderoty stated that Gensler could bring the same flawed arguments he used in the Binance case to Ripple.

Bitcoin $104,723.9 and Ethereum $3,945.0 Investment products are also experiencing an increase in demand as prices rise. While BTC price broke a new record today of approximately $107,793, Ethereum momentarily crossed the $4,100 level, then fell to $4,050.

XRP Price Predictions

Popular analysts expect the XRP price to rise above the $3 level due to developments such as Ripple’s recent launch of RLUSD stablecoin. CrediBULL Crypto predicts that the price will easily reach the level of $ 5 in 2025, saying, “The XRP structure looks very clean and bullish.”

Crypto Tony, on the other hand, stated that based on Elliott Wave analysis, XRP has recovered from $ 2.91 and there is upward pressure towards $ 3 again in the weekly time frame.

Whale Alert reported $1.92 billion in XRP transfers from the Binance exchange to an unknown wallet, confirming that whales have great faith in Ripple’s native coin.

XRP price is trading at $2.48, up 3% in the last 24 hours. The 24-hour lowest and highest prices were $2.34 and $2.58, respectively.

Developments regarding Ripple and XRP appear to increase investor confidence. Investors continue to believe that XRP can gain value if regulatory developments and institutional interest continue.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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